First Federal Savings And Loan Association Of Greensburg Mortgage Rates, Fees & Info

Greensburg, IN

LEI: 2549001URDOO8V3DI280

Tax ID: 35-0352590

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    First Federal Savings And Loan Association Of Greensburg is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. First Federal Savings And Loan Association Of Greensburg has a high proportion of conventional loans. Their top markets by origination volume include: Greensburg, Indianapolis, Cincinnati, Columbus, and Kokomo among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings And Loan Association Of Greensburg has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    184

    Origination Dollar Volume (All Markets)

    $30,970,000

    Employee count

    36

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Greensburg, IN (FHA|USDA|VA) 121 $19,645,000 $162,355 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 34 $6,280,000 $184,706 $0 0.00%
    Outside of Metro Areas 14 $2,060,000 $147,143 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,235,000 $176,429 $0 0.00%
    COLUMBUS, IN (FHA|USDA|VA) 4 $840,000 $210,000 $0 0.00%
    KOKOMO, IN (FHA|USDA|VA) 2 $380,000 $190,000 $0 0.00%
    Peru, IN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    First Federal Savings And Loan Association Of Greensburg's top markets include Greensburg, Indianapolis, Cincinnati, Columbus, and Kokomo among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 184 $30,970,000 $168,315 $0 0.00%

    For 2020, First Federal Savings And Loan Association Of Greensburg's most frequently originated type of loan was Conventional, with 184 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 77 $12,735,000 $165,390 $0 0.00%
    Refi 68 $11,420,000 $167,941 $0 0.00%
    Home Purchase 38 $6,790,000 $178,684 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2020, First Federal Savings And Loan Association Of Greensburg's most frequently cited loan purpose was Cash Out Refi, with 77 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 184 $30,970,000 $168,315 $0 0.00%

    For 2020, First Federal Savings And Loan Association Of Greensburg's most frequently cited loan duration was Other, with 184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 87 $12,595,000 $144,770 $0 0.00%
    $100,000 or less 48 $3,540,000 $73,750 $0 0.00%
    $200k-400k 44 $12,310,000 $279,773 $0 0.00%
    $400k-600k 4 $1,880,000 $470,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2020 saw First Federal Savings And Loan Association Of Greensburg place emphasis on $100k-200k loans with 87 originations, totaling $12,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 38 $5,010,000 $131,842 $0 0.00%
    $50k or less 37 $4,145,000 $112,027 $0 0.00%
    $100k-150k 35 $6,175,000 $176,429 $0 0.00%
    $150k-250k 33 $8,365,000 $253,485 $0 0.00%
    $75k-100k 32 $4,870,000 $152,188 $0 0.00%
    $250k+ 6 $2,180,000 $363,333 $0 0.00%

    First Federal Savings And Loan Association Of Greensburg lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $50k or less, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 184 $30,970,000 $168,315 $0 0.00%

    First Federal Savings And Loan Association Of Greensburg lent most frequently to those with DTI ratios of Exempt%, with 184 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 176 $29,550,000 $167,898 $0 0.00%
    Asian 2 $590,000 $295,000 $0 0.00%
    Black 2 $500,000 $250,000 $0 0.00%
    Not applicable 3 $225,000 $75,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.71%

    First Federal Savings And Loan Association Of Greensburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.93%

    First Federal Savings And Loan Association Of Greensburg has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 184 $30,970,000 $168,315

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $705,000 $141,000
    Single Family (1-4 Units):Site-Built 179 $30,265,000 $169,078

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    First Technology Federal Credit Union Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Savings and Loan Association of Greensburg 212 N Franklin St Greensburg, IN 47240 Full Service B&M $71,057
    First Federal Savings and Loan Association of Greensburg 25 Public Square Shelbyville, IN 46176 Full Service B&M $58,814
    First Federal Savings and Loan Association of Greensburg 460 Greensburg Commons Greensburg, IN 47240 Full Service B&M $20,405

    For 2020, First Federal Savings And Loan Association Of Greensburg had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,808
    Net interest income $4,380
    Total noninterest income $1,042
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $126
    Trading account gains and fees $0
    Additional Noninterest Income $916
    Pre-tax net operating income $1,338
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,054
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,054
    Minority interest net income $0
    Net income $1,054
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,054

    First Federal Savings And Loan Association Of Greensburg's gross interest income from loans was $4,808,000.
    First Federal Savings And Loan Association Of Greensburg's net interest income from loans was $4,380,000.
    First Federal Savings And Loan Association Of Greensburg's fee based income from loans was $126,000.
    First Federal Savings And Loan Association Of Greensburg's net income from loans was $1,054,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $428
    Provision for credit losses $1
    Total noninterest expense $4,083
    Salaries and employee benefits $2,154
    Premises and equipment expense $439
    Additional noninterest expense $1,490
    Applicable income taxes $284
    Net charge-offs $1
    Cash dividends $0

    First Federal Savings And Loan Association Of Greensburg's interest expense for loans was $428,000.
    First Federal Savings And Loan Association Of Greensburg's payroll and benefits expense were $2,154,000.
    First Federal Savings And Loan Association Of Greensburg's property, plant and equipment expenses $439,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 100.0%

    Deposits

    Type Value (in 000's)
    Total deposits $142,445
    Deposits held in domestic offices $142,445
    Deposits by Individuals, partnerships, and corporations $107,029
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,416
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $84,120
    Demand deposits $10,811
    Nontransaction accounts $58,325
    Money market deposit accounts (MMDAs) $24,221
    Other savings deposits (excluding MMDAs) $26,520
    Total time deposits $7,584
    Total time and savings deposits $131,634
    Noninterest-bearing deposits $10,811
    Interest-bearing deposits $131,634
    Retail deposits $142,193
    IRAs and Keogh plan accounts $2,759
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $161,140
    Cash & Balances due from depository institutions $21,414
    Interest-bearing balances $20,460
    Total securities $46,920
    Federal funds sold & reverse repurchase $0
    Net loans and leases $83,698
    Loan and leases loss allowance $869
    Trading account assets $0
    Bank premises and fixed assets $2,049
    Other real estate owned $0
    Goodwill and other intangibles $189
    All other assets $6,870

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $161,139
    Total Liabilities $142,610
    Total deposits $142,445
    Interest-bearing deposits $131,634
    Deposits held in domestic offices $142,445
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $165

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $83,698
    Loan and leases loss allowance $869
    Total loans and leases (domestic) $84,567
    All real estate loans $80,199
    Real estate loans in domestic offices $80,199
    Construction and development loans $2,452
    Residential 1-4 family construction $1,659
    Other construction, all land development and other land $793
    Loans secured by nonfarm nonresidential properties $5,298
    Nonfarm nonresidential secured by owner-occupied properties $2,434
    Commercial real estate & other non-farm, non-residential $2,864
    Multifamily residential real estate $194
    1-4 family residential loans $64,497
    Farmland loans $7,758
    Loans held in foreign offices $0
    Farm loans $526
    Commercial and industrial loans $950
    To non-U.S. addressees $0
    Loans to individuals $2,889
    Credit card loans $0
    Related Plans $3
    Consumer Auto Loans $2,690
    Other loans to individuals $196
    All other loans & leases $3
    Loans to foreign governments and official institutions $0
    Other loans $3
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $12
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $954
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Greensburg had $83,698,000 of loans outstanding in 2020. $80,199,000 of loans were in real estate loans. $2,452,000 of loans were in development loans. $194,000 of loans were in multifamily mortgage loans. $64,497,000 of loans were in 1-4 family mortgage loans. $526,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,690,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 51 $5,297 $103,863
    Nonfarm, nonresidential loans - <$100k 23 $728 $31,652
    Nonfarm, nonresidential loans - $100-250k 20 $2,546 $127,300
    Nonfarm, nonresidential loans - $250k-1MM 8 $2,023 $252,875
    Commercial & Industrial, US addressed loans - <$1MM 26 $950 $36,538
    Commercial & Industrial, US addressed loans - <$100k 21 $441 $21,000
    Commercial & Industrial, US addressed loans - $100-250k 5 $509 $101,800
    Farmland loans - <$1MM 29 $4,100 $141,379
    Farmland loans - <$100k 9 $545 $60,556
    Farmland loans - $100-250k 13 $1,483 $114,077
    Farmland loans - $250k-1MM 7 $2,072 $296,000
    Agriculture operations loans - <$1MM 8 $526 $65,750
    Agriculture operations loans - <$100k 4 $86 $21,500
    Agriculture operations loans - $100-250k 4 $440 $110,000